Let’s talk shop local!
You’ve likely heard the phrase “shop local” thrown around on social media, but, do you really understand the impact shop local has on your community?
Here are the facts:
• Data shows locally owned small businesses, or mom and pops, make up approximately 85% of all news jobs in the country.
• Studies have shown that shopping local returns between 48% and 68% of the purchase back into the community, opposed to 13.9% when a consumer shops big chain retail. That means that every $100 you spend, $48 to $68 is staying inside the community to benefit other businesses or services.
• When you shop local, the taxes collected benefit the entire community: translating into better funded schools, public transportation, and emergency response services.
• Shopping local substationally conserves fuel and packaging material. Not only does it mean less fuel and packaging used for the products but it also saves you, as a consumer, around 26% driving mileage.
• Spending money with local retailers helps keep the local community alive. The places where we eat, shop, and have fun all have the potential to make a community feel like home. When shopping at local businesses you’re seen as an individual not a consumer statistic.
With just over 32.5 million small businesses in the United States, small businesses have created an average of 525,000 new jobs per year since 2000 but unfortunately only 55% of small businesses survive past their fifth year.